Post Utme Elizade University 2017 Economics Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2017 Economics Objective / Multiple Choice
Question 20 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ECONOMICS • objective

The price elasticity of demand for a normal good is

Answer Options

Correct Answer A. greater than 1
B. less than 1
C. equal to 1
D. greater than 0
Correct Answer
A
Correct Option:
greater than 1

About This Question

This is Post Utme Elizade University 2017 Economics Question 20. It is one of the objective questions from the 2017 Post Utme Elizade University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support